Public Bank sets up securities programme of up to RM10 billion

11 Apr 2018 / 19:34 H.

    PETALING JAYA: Public Bank Bhd has established a Basel III-Compliant Additional Tier 1 capital securities programme (AT1CS) of up to RM10 billion in nominal value.
    In a filing with Bursa Malaysia today, it said the capital securities will have a perpetual tenure, and qualify as Additional Tier 1 capital for the computation of the regulatory capital of Public Bank and its group in accordance with the Capital Adequacy Framework (Capital Components) issued by Bank Negara Malaysia.
    Public Bank obtained approval from the central bank on March 7, 2018 for the establishment of the AT1CS programme. It said RAM Rating Services Bhd has assigned a rating of ‘AA3’ to the capital securities programme.
    On Bursa Malaysia today, Public Bank was flat at RM23.96 with 4.3 million shares traded.

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